3 ms·
I wouldn't call 10% difference significantly higher... more like within the margin of error. With such drastic policy differences you would expect to see a lar
by adam_arthur 5y ago
I wouldn't call 10% difference significantly higher... more like within the margin of error.
With such drastic policy differences you would expect to see a larger effect.
- r00fus 5y agoWell, I'd say the biggest difference was that in the EU, many countries would give you 80% unemployment to stay home for many months. In the US, you'd get a few thousand $, many months later. So yeah, you might have had a similar chance to catch COVID but your livelihood and financial security were much more secure in Europe. Policy-wise w/r/t COVID, EU and US are nowhere near NZ, Tiawan or China. Now that's containment taken seriously and it shows.
- adam_arthur 5y agoMany in the US made significantly more on the combination of enhanced unemployment and stimulus checks than they had made working. Greater than 100% previous wage. You can see the aggregate personal income data here: https://fred.stlouisfed.org/series/PI https://fred.stlouisfed.org/series/PI
- MagnumOpus 5y agoThe EU didn’t act as one entity in the epidemic/lockdown/furlough policies. In particular Eastern European countries went with US-like policies (and less vaccine provision and even more anti accents) and and suffered more than the US. The Nordics, France and German-speaking countries have half the death rate of the US or less, in some cases even negative excess deaths.
- volta83 5y agoThe US didn't act as one entity either.